Chad Methner's guest appearances

Chad Methner

The Financial Independence Show

Earn & Invest

Jen Smith

Rob Phelan

James Lowery

Marcus Garrett

Dustin Heiner

Chris Mamula

Bob Lai

Vincent Pugliese

Kiersten Saunders

Adam Carroll

Craig Curelop

John Soforic

Diego Corzo

Rachel Richards

Jillian Johnsrud

OwlTail

Jennifer Mah

Ashleigh Evans

What could change with your finances over one short year? 2021 was a shock to the system with COVID, The Great Resignation, and tons of uncertainty. Today, community members Jennifer Mah, Chad Methner, and Ashleigh Evans discuss big life changes over the last 12 months.  Learn more about your ad choices. Visit megaphone.fm/adchoices

What could change with your finances over one short year? 2021 was a shock to the system with COVID, The Great Resignation, and tons of uncertainty. Today, community members Jennifer Mah, Chad Methner, and Ashleigh Evans discuss big life changes over the last 12 months.  Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" rel="nofollow" target="_blank">megaphone.fm/adchoices</a>

297. What Can Change With Your Finances in One Year? w/ Jennifer Mah, Chad Methner, Ashleigh Evans

In today's episode, Cody and Justin are joined by Chad Methner from Little Brother Life Coach.Chad really wants to encourage people how to reach FI even if they're nowhere near a six-figure salary.We discuss his battles during the recession, finding himself in a job he hated, and how he came through it all. You'll catch Chad now helping others through coaching and setting up local meetups.It's a unique angle so go listen and follow along with the summary below and make sure to check out the links at the bottom of the page.Episode Summary 	Chad first discovered financial importance from a Dave Ramsey book he stumbled across 	The parts about debt pay off really hit Chad 	He's still $20k in debt from college 	After high school, he just did some manual labor while he tried to figure out what to do for college 	He got half off tuition thanks to his dad's job at Ohio State 	After college, he couldn't land a job because it was 2009 and the recession was in full swing 	He didn't rack up any debt from college until he got his masters in 2015 	While the job he had did some tuition reimbursement, it still cost him $25k in debt 	That along with a car and some other loans left him with over $40k worth of debt 	He continues at this job making under $11 per hour 	After he got his masters he went to try and get a promotion 	Unfortunately, they didn't give him any options 	After six years there he had maxed out at $13.25 an hour and decided to leave 	He landed a new job and almost doubled his income to just under $50k and in a role where he was more comfortable 	We asked why he staid at that first job so long unhappy and underpaid 	For Chad, it was just comfortable and easy but he finally had enough 	The discussion swapped to how he saves money on this lower-income 	The biggest thing for him was cooking at home 	It turned into a full-blown hobby instead of just a money saver 	He plans to be out of debt in 3-5 years 	His big goal is to retire before age 55 and hit that $1M mark 	Chad is also trying to build up side hustles including coaching and writing a book 	Then we discuss the "poverty-tax" and the importance of an emergency fundKey Takeaways 	Everyone can benefit from this journey: Chad began this journey on as little as $10.75 per hour and it's changed his life. Your velocity may be different but the impact is still extremely meaningful. 	We can always help: Although Chad is still working through his debt payoff, he still has a lot to teach other low-income individuals chasing FI. 	Don't settle for misery: Chad obviously stayed at his first job too long. After 6 years he was still underpaid and forced into positions he hated. Regardless of pay, working in a job you hate is never worth it.Call to ActionStart planning some frugal activities and trips. Maybe even take a look at activities you currently do and find a frugal alternative.Join the CommunityWe’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! 	Sign up for our exclusive newsletter 	Join our Facebook Group 	Leave us a voicemail 	Send an email to contact [at] TheFIshow [dot] comIf you like what you hear, please leave a rating/review!The FI show on iTunesThe FI show on AndroidContact Chad:Via his blog Little Brother Life CoachCatch him on TwitterIn our Facebook group!Learn More About Your Hosts:Fly to FI (Cody’s Blog)Saving-Sherpa (Justin’s blog)

In today's episode, Cody and Justin are joined by Chad Methner from Little Brother Life Coach. Chad really wants to encourage people how to reach FI even if they're nowhere near a six-figure salary. We discuss his battles during the recession, finding himself in a job he hated, and how he came through it all. You'll catch Chad now helping others through coaching and setting up local meetups. It's a unique angle so go listen and follow along with the summary below and make sure to check out the links at the bottom of the page. Episode Summary 	Chad first discovered financial importance from a Dave Ramsey book he stumbled across 	The parts about debt pay off really hit Chad 	He's still $20k in debt from college 	After high school, he just did some manual labor while he tried to figure out what to do for college 	He got half off tuition thanks to his dad's job at Ohio State 	After college, he couldn't land a job because it was 2009 and the recession was in full swing 	He didn't rack up any debt from college until he got his masters in 2015 	While the job he had did some tuition reimbursement, it still cost him $25k in debt 	That along with a car and some other loans left him with over $40k worth of debt 	He continues at this job making under $11 per hour 	After he got his masters he went to try and get a promotion 	Unfortunately, they didn't give him any options 	After six years there he had maxed out at $13.25 an hour and decided to leave 	He landed a new job and almost doubled his income to just under $50k and in a role where he was more comfortable 	We asked why he staid at that first job so long unhappy and underpaid 	For Chad, it was just comfortable and easy but he finally had enough 	The discussion swapped to how he saves money on this lower-income 	The biggest thing for him was cooking at home 	It turned into a full-blown hobby instead of just a money saver 	He plans to be out of debt in 3-5 years 	His big goal is to retire before age 55 and hit that $1M mark 	Chad is also trying to build up side hustles including coaching and writing a book 	Then we discuss the "poverty-tax" and the importance of an emergency fund Key Takeaways 	Everyone can benefit from this journey: Chad began this journey on as little as $10.75 per hour and it's changed his life. Your velocity may be different but the impact is still extremely meaningful. 	We can always help: Although Chad is still working through his debt payoff, he still has a lot to teach other low-income individuals chasing FI. 	Don't settle for misery: Chad obviously stayed at his first job too long. After 6 years he was still underpaid and forced into positions he hated. Regardless of pay, working in a job you hate is never worth it. Call to Action Start planning some frugal activities and trips. Maybe even take a look at activities you currently do and find a frugal alternative. Join the Community We’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community! 	Sign up for our exclusive newsletter 	Join our Facebook Group 	Leave us a voicemail 	Send an email to contact [at] TheFIshow [dot] com If you like what you hear, please leave a rating/review! The FI show on iTunes The FI show on Android Contact Chad: Via his blog Little Brother Life Coach Catch him on Twitter In our Facebook group! Learn More About Your Hosts: Fly to FI (Cody’s Blog) Saving-Sherpa (Justin’s blog)

The Low Income Path to FI | Chad Methner